Dudley - fED Monitoring Foreclosure Developments Closely to Evaluate Impact on Banks, Economy

Dudley - Foreclosures That Properly Comply With Law a Necessary Part of Housing Market Adjustment

Dudley - fED Actively Encourages Viable Alternatives to Foreclosure

Dudley - Expect increased Rate of Mortgage Refinancing to Continue Over Near-Term

Dudley says Hard to Tell How Much Further Household Deleveraging Has to Run